If your car is old and will not start, do away with it to avoid nesting roaches in the car. In this article, you will find out how to scrap a car for the most money. People out there often scrap their cars on a loss but I expose the steps to make good money off your junk.

Are you wondering, “can I scrap my car for cash today?” The simple answer is “yes”, you can scrap your car at any time for money.

To scrap a car for money is optional though; you may be willing to get the money or forget about it and still get rid of the car.

How to Scrap a Car for Most Money

In this section, you will learn to scrap your car for cool cash.

Below are the steps to scrap a car for most money:

1.      Contact a Scrap Yard

Here, you either phone the nearest scrap agents over or locate an authorized scrap yard. You will be given time for an inspection to take place or they may immediately locate your resident.

2.      Visit the Preferred Website

If you have a scrap yard nearby, you may not require this option. This option of how to scrap a car for most money is preferable for the following:

Car owners who stay far away from the nearest scrap yard.
Those who are quite busy.
Just for the sake of ‘doing it online’.

3.      Apply for Car Valuation

This may be free or paid depending on the company offering the services. Here is where you determine the cash for scrap cars or the car in question. As you may already be aware, the older and rickety the car, the lower the values.

Do you need a car scrap value calculator? Well, you do not necessarily have to pay for a car scrap value calculator. You can manually calculate the value of your old car with SLM depreciation following the illustration below.

Worth of car = $100,000

Estimated life of the car = 9 years

Depreciation = 10%

Note: We use the straight-line method to determine depreciation value.

Year 1 car depreciation = 10 / 100,000 x 100 = 10,000

Old car cost after year 1 = $100,000 - $10,000 = $10,000

Therefore, depreciation for 9 years = $10,000 x 9 = $90,000

Scrap Value = $100,000 (car value) - $90,000 (total depreciation) = $10,000

Follow this pattern, but replace $100,000 with the amount you originally purchased the car.

Note: This may not apply as the company may provide value either higher or lower. It all depends on the depreciation percentage in use. So, concerning how to scrap a car for most money, this is how you run the valuation manually.

4.      Book an Appointment with the Company

This is when a physical inspection would be carried out on the old vehicle. At this stage of how to scrap a car for most money, you may require intelligence to attract a decent bid.

The scrap agent might claim that it is just an old car. However, the value of that same car is worth something tangible away from you.

5.      Prepare Your Documents or Paperwork for Scraping

What do you need to scrap a car? There are a few necessary documents required for scrapping a car. The documents needed to scrap a car may differ by region. Some regions require vast documents to scrap a vehicle while some require just a few paperwork to scrap a car.

Basic Documents Needed to Scrap a Vehicle
Vehicle registration documents
Certificate of Destruction (CoD)
Service history
Vehicle receipts

Note: What most websites fail to inform you is that there may be changes to these documents. The authorized scrap yard is likely to have a list of required documents to scrap a car in your jurisdiction.

Can You Scrap a Car without Some Documents?

Yes, you can scrap your car without some documents like V5C. All you have to do is to report to the Driving and Vehicle Licensing Agency of your region.

Submit other proofs to show that you own the vehicle. With this, you can see that apart from knowing how to scrap a car for most money, it’s quite easy to execute.

How to Scrap a Car without Title

You can junk a car without title
Lots of rickety and old car owners have been asking this question recently. The simple answer is “yes”. You can scrap a car without title, however, it is recommended to sell the car bit by bit.

If you intend to sell as a whole, the scrap company may reject the car with fears of theft.

Another way to scrap without car title is to check whether your jurisdiction permits the scraping of cars without title that has exceeded a particular number of years. It could be 15, 20, 25, or 30 years.

What to Do Before Scrapping a Car

Before you issue out that old car for scrap, note the following hacks.

Cancel active insurance
Check and retrieve your belongings
Hand over the car keys
Make the car accessible

For the 4th point, it applies when you have no physical contact with the scrap company. You would be expected to make the car available in a place that is easy to access.